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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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How to refinance when you have a second mortgage

It's not easy to refinance your mortgage when you have equity debt. Here are the options.

The Fed and mortgage rates

The Federal Reserve is trying to keep rates low for mortgages and home equity loans.

Does your bank spy on your spending behavior?

In today's high-tech world, banks follow your spending habits. How do they use your data?

What will happen with CD rates in 2012?

Rates on savings vehicles such as CDs, savings and money market accounts will stay in a slump.

Federal Reserve move a hard knock for CD rates

CD yields have been dismally low for years. The Fed's plan could bring more of the same.

If I File Bankruptcy Will I Loose My Security Clearance??

Filing bankruptcy will not, in and of itself, cause a person to lose his/her security clearance. Generally, it's not the bankruptcy that creates a problem for Authorities as much as the events leading up to your bankruptcy. If the filing was caused

Of Babies and Bucks

The Credit Slips bloggers are engaged in a virtual enterprise, which means we sometimes don't see each other for a long time. One of my fellow bloggers recently asked "What's up?" and learned that I had a new baby two months ago. That experience

Evaluating Mandatory Financial Education in Bankruptcy

In 2005, Congress amended bankruptcy law to require individual debtors with primarily consumer debts to complete an "instructional course on personal financial management" to be eligible to receive a discharge of their debts. Adding financial

The GM & Chrysler Success

During the State of the Union address, the President crowed about the success of the GM/Chrysler bailouts, noting that these companies were thriving again. An NPR program this evening was holding up GM/Chrysler as a beacon of hope for Kodak, as if

Can lawsuit over defects thwart condo refinance?

The condo builder did a lousy job. Now lenders won't refinance loans. What can owners do?

Vee Haf Vays Uf Making You Pay!

Anna Gelpern's Gunboat Diplomacy post pretty much sums out the leaked German term sheet on Greece. I would only note one other thing--the highly idiosyncratic use of "absolute priority." The Germans seem to have taken the language of Chapter 11 and

Consumer Friendly Forms for Bankruptcy

In many respects, bankruptcy is a one-size-fits-all legal process. Yes, there are ample differences in the law (and a world of difference in practice) between the bankruptcy of a large corporation and a typical consumer. But the Bankruptcy Code

Greek Gunboat Diplomacy Eupdate and More ECB/EFSF

Someone who wanted to be very mean to the Germans just leaked this document, where they manage to come off as both desperate and inept. The proposal purports to address Greek failure to meet program targets by installing an EU overlord, whose job it

Personal Injury and Bankruptcy

If you have been in an accident or injured at work, it can all cause financial difficulties. A bankruptcy during your personal injury case can relieve the pressure of harassing creditors and help you focus on your recovery and personal injury case

Economic Recovery Depends on Robust Financial Market

The crisis understandably pushed the debate surrounding our global financial competitiveness to the back burner. The poor state of the U.S. economy, however, should provide the reason to renew this debate now.

7 hot spots for a romantic getaway

Need a quick getaway? From beaches to big cities, you can get there on a budget.

The Crisis of Fake Constraints: Greek Denouement Eupdate

Unless Greece and its creditors reach a deal in the next few days, Greece has no money to pay €15 Billion or so due to its bondholders in March. From the start, this has been a crisis of fake legal and economic constraints masking very real political

Now that Yu Darvish is a Bachelor, His Second Home in Dallas Might Be a Hot Bachelor Pad

If it helps you try and guess what kind of a second home he’ll buy in Dallas, know that Yu Darveshjust divorced his wife, actress and TV personality Saeko, age 25 and the mother of his two children. I had wondered if Yu has a family. Knowing this

To Right Foreclosure Wrongs, Go With the Bird in the Hand

The foreclosure reviews mandated by the Fed and the OCC have a better chance of helping current and future borrowers than the state attorneys general settlement, if it ever happens.

Friendly’s, Burger King Join Forces

Associated Press Finally, you can have your Friendly’s ice cream—and eat your Burger King fries, too. The company known for its Fribbles and sundaes is on to a new venture after emerging from bankruptcy protection earlier this month. With 100 of its